Kartesia, a European specialist provider of capital solutions for small and mid-sized companies, has held the final closing its inaugural senior debt fund, Kartesia Senior Opportunities (KSO) I at EUR1 billion.
The Senior Opportunities strategy provides senior financing solutions to European small and medium-sized companies with strong credit profiles and now has on-the-ground representation in all of Kartesia’s key markets – Spain, France, the DACH region, the Benelux and the UK.
Since it started investing, the fund has already made 16 investments, where Kartesia’s strong sourcing and execution capabilities have allowed for a swift deployment of capital. Recent transactions from KSO I include investment in Envisage Dental in the UK (November 2020), a financing solution for software company Kallidus (January 2021) and the support to Invenio and BGF in the acquisition of LSI (February 2021).
The Senior Opportunities strategy will continue to leverage the platform’s expertise, proprietary network and incumbent positioning in its segment to invest in first lien loans, complementing the existing successful Credit Opportunistic offering and successful track record in European credit markets.
Jaime Prieto, Founding Partner of Kartesia, says: “This is an important milestone for Kartesia as we continue to expand our footprint in European credit markets and develop our position as one of the go-to lenders for small and mid-sized companies across the continent. The swift deployment of capital from the fund throughout 2020 is evidence of the strong capabilities of the team we have built in our key markets and shows that alternative lenders like Kartesia have an important role to play in the financing of the European economy, particularly in the wake of the devastating impact of the coronavirus. Our aim for 2021 is to continue to deploy capital selectively and invest in companies with long-term growth potential.”
